1. Hello Guest Click here to check FX Binary Point Financial Directory

USD/JPY offered below 119.85/120.65 – Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 15, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Edinburgh) - The offered tone will prevail on the pair while below the119.85/120.65 band, according to Karen Jones, Head of FICC Technical Analysis at Commerzbank.

    Key Quotes

    USD/JPY is seeing a small rebound/holding sideways very near term. Intraday rallies are indicated to falter circa 118.40”.

    “The market will find resistance at 119.85/120.65 and while capped here it will remain offered”.

    “Scope remains to extend losses towards the 116.47 support line and the 116.15 August low”.
    For more information, read our latest forex news.

Share This Page